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Real Estate


Task force: Raise hotel tax to pay for convention center expansion

A city task force is recommending that the Austin City Council vote to expand the convention center downtown and pay for the $609 million addition with a 2-cent hike in the city’s hotel occupancy tax, the group’s chairman said. The 2-cent increase would create about $24 million a year, said James Russell, who led the Visitor Impact Task Force. The convention center would sell bonds against...
Baylor Scott & White planning hospital in Oak Hill area

Baylor Scott & White planning hospital in Oak Hill area

Baylor Scott & White Health plans to open a full-service hospital in the Oak Hill area in Southwest Austin, on 11 acres where a golf range operated until last week. If built, it would be Baylor Scott & White’s second hospital in Travis County, joining an existing one in Lakeway. The hospital would be at 5243 U.S. 290, where the Oak Hill Golf Range closed Sunday after 30 years of operations,...
Austin-area home sales, median price climb in April

Austin-area home sales, median price climb in April

Central Texas home sales rose just over 3 percent in April and the median price of those sales hit $305,000 — the second-highest level ever, the Austin Board of Realtors said Tuesday. The median also set a record for an April. To date, the all-time high for the median home-sales price was set in August 2016, when it reached $363,190, the board said. “After a slow beginning to the year...
APRIL NUMBERS: Austin-area home sales, median price rise

APRIL NUMBERS: Austin-area home sales, median price rise

Central Texas home sales rose just over 3 percent in April and the median price of those sales hit $305,000 — the second-highest level ever, the Austin Board of Realtors said Tuesday. The median also set a record for an April. To date, the all-time high for the median home-sales price was set in August 2016, when it reached $363,190, the board said. “After a slow beginning to the year...
Hotel one of three new businesses expected to bring jobs to Taylor

Hotel one of three new businesses expected to bring jobs to Taylor

Construction will start by midsummer on Taylor’s biggest hotel. The 75-room Holiday Inn Express will be at 180 Carlos Parker Blvd. NW, near the Williamson County Exposition Center. It’s going to be one of three businesses either planned or about to open that are bringing jobs to Taylor, said Mark Thomas, the president of the Taylor Economic Development Corp. “There’s lots of...
EXCLUSIVE: $55 million mixed-use project gets going on South Congress

EXCLUSIVE: $55 million mixed-use project gets going on South Congress

Developers have started construction on a high-profile project on South Congress Avenue in Austin, and on Friday released new details about the mixed-use development to the American-Statesman. The project is called Music Lane, after the small street that forms its eastern border. The development will consist of three buildings, with 163,000 square feet of retail, office and restaurant space. There...
Developer lands funding for $40 million Southwest Austin project

Developer lands funding for $40 million Southwest Austin project

Austin-based Stratus Properties Inc. said Wednesday that it has secured financing for the first phase of Lantana Place, a mixed-use project in Southwest Austin that will include a 10-screen dine-in movie theater. Tyler-based Southside Bank provided the $26.3 million loan for the development, which has a $40 million price tag and is expected to break ground this month. Joeris, a firm with offices in...
Hays County home values rise nearly 9%

Hays County home values rise nearly 9%

The market value of homes across Hays County rose almost 9 percent for 2017 as the area continues to boom, Hays Chief Appraiser David Valle said Tuesday. The average market value of homes in the county increased 8.9 percent, to $231,509 this year from $212,401 last year, Valle said. The taxable value of homes — whihc is the market value minus exemptions — increased 9.8 percent on average...
Hays County average home values climb nearly 9 percent

Hays County average home values climb nearly 9 percent

Home values rose almost 9 percent on average across Hays County for 2017, Hays Chief Appraiser David Valle said Tuesday. The average market value of homes in the county increased 8.9 percent, to $231,509 this year from $212,401 last year, Valle said. The taxable value of homes — the market value minus exemptions — increased 9.8 percent on average, to $216,169 from $196,739 last year, he...
High-rise project planned for downtown Austin block

High-rise project planned for downtown Austin block

Another high-rise development is destined for yet another downtown Austin block. The Episcopal Church has selected Austin-based Cielo Property Group to partner in developing a church-owned block, with plans calling for a large mixed-use project, along with a permanent home for the church’s historical archives. Cielo Property Group, a commercial real estate investment and development firm, released...
How CodeNext maps could forecast change for two Austin neighborhoods

How CodeNext maps could forecast change for two Austin neighborhoods

Two old South Austin neighborhoods are readying for war with City Hall over the draft CodeNext zoning maps rolled out last week. “It’s about as subtle as a wrecking ball,” said Cory Walton, the president of the Bouldin Creek Neighborhood Association, who has lived in the neighborhood for two decades. “The changes in Bouldin are pretty devastating.” His opposite number...
Whole Foods’ new 365 concept set to make Central Texas debut

Whole Foods’ new 365 concept set to make Central Texas debut

A Sunday parking lot party will kick off opening week festivities for the new 365 by Whole Foods Market store in Cedar Park. The free event will take place from 1 p.m. to 4 p.m., featuring food and live music. The 30,000-square-foot store – the first 365 location in Texas and the first 365 store anywhere to be built from the ground up – is set to open its doors at 9 a.m. Wednesday. It&rsquo...
FOR SALE: Aerosmith drummer Joey Kramer’s Austin-area estate

FOR SALE: Aerosmith drummer Joey Kramer’s Austin-area estate

Aerosmith drummer Joey Kramer’s Georgetown mansion can be yours — for $2.235 million. It might be pricey, but it’s a reduction from the $2.5 million that the 2.7-acre gated property was listed for before it was taken off the market last year, said Megan DiBartolo, a real estate agent with The Winnett Group Inc., told the American-Statesman. She said the Williamson County property...
Central Texas home sales decline in March

Central Texas home sales decline in March

Home sales in the Austin area dipped in March year-over-year, while the median home-sales price climbed more than 5 percent, the latest figures show. The Austin Board of Realtors said 2,509 houses changed hands last month, down 1.4 percent from March 2016. Half of the residences sold for more than $295,767 and half for less, for a 5.6 percent rise in the median home-sale price, the board said. It...
SPRING SLIP: Central Texas home sales slide in March

SPRING SLIP: Central Texas home sales slide in March

Home sales in the Austin metro area dipped in March year-over-year, while the median home-sales price climbed more than 5 percent, the latest figures show. The Austin Board of Realtors said 2,509 homes changed hands last month, down 1.4 percent from March 2016. Half of the residences sold for more than $295,767 and half for less, for a 5.6 percent rise in the median sales price, the board said. Within...
City releases CodeNext zoning maps

City releases CodeNext zoning maps

Austin’s controversial bid to completely rewrite its land-use code took a giant step forward Tuesday, as city officials rolled out draft maps that showed how the proposed rules would be implemented citywide. But in a town where fights over individual projects can turn into years-long battles between developers and surrounding neighborhoods, initial reactions to the maps amounted to a shrug....
Travis County seeks new tool to spur affordable housing

Travis County seeks new tool to spur affordable housing

Travis County is considering creating a new tool to encourage developers to build more affordable housing. Under a proposed policy, the county would require landowners and developers who create public improvement districts — special districts that fund projects such as road construction or wastewater lines — to either build a certain amount of on-site public housing or pay a fee that would...
Austin office market still strong despite uptick in vacancy

Austin office market still strong despite uptick in vacancy

The occupancy rate in Central Texas’ office market softened slightly in the first quarter compared to a year ago but rents are still on the rise, a new industry report shows. In its quarterly office market report, Cushman & Wakefield said the occupancy rate for top-tier space (Class A) averaged 90.1 percent at the end of March, down from 91.3 percent on average as of March 2016. Rents for the...
DPR: Contractor booming with Central Texas’ economy

DPR: Contractor booming with Central Texas’ economy

Amid Central Texas’ ongoing building boom, DPR Construction is one of the region’s busiest construction firms, with an ever-expanding list of high-profile projects bearing its banner. Current projects for the company include Charles Schwab’s new Gracy Farms campus in North Austin; a 32-story tower at Seventh Street and Congress Avenue in downtown Austin that will house Aloft and...
Former AMD campus part of planned $135 million project

Former AMD campus part of planned $135 million project

Plans for a 77-acre, $135 million corporate campus are taking shape in Southeast Austin, spearheaded by Riverside Resources, a local developer with a growing number of high-profile projects. The Austin-based developer plans to construct three new buildings on 18.5 acres that were part of AMD’s former office campus at 5900 E. Ben White Blvd. Riverside Resources, a real estate development, investment...
City Council signs off on Austin Oaks redevelopment

City Council signs off on Austin Oaks redevelopment

After hammering out a final set of trade-offs, the City Council approved the redevelopment plans for the Austin Oaks office park, bringing an end to the nearly three-year fight over the site. The plan would bring new office towers, retail and up to 375 new housing units — including 41 for lower income residents — to replace the business park, which sits on 31 acres at MoPac Boulevard (Loop...
Austin City Council signs off on new housing ‘blueprint’

Austin City Council signs off on new housing ‘blueprint’

The Austin City Council approved its strategic housing plan Thursday evening, signing off on a document that calls for building an additional 135,000 housing units in the city by 2025. The 38-page plan — now called the “Strategic Housing Blueprint” — offers more than 50 suggestions to help combat Austin’s housing crunch, including calls to revamp the city’s permitting...
Austin may spend $600,000 to move tenants from crumbling complex

Austin may spend $600,000 to move tenants from crumbling complex

After five years of inspections, fines and legal fights, this week might mark the end of the road for two deteriorating apartment buildings whose tenants are being relocated under a judge’s order. The Austin City Council is expected Thursday to provide as much as $600,000 to move the tenants to housing elsewhere, marking the first time in recent years the city has sought funding to relocate...
Hill Country Galleria wraps up $16 million renovation

Hill Country Galleria wraps up $16 million renovation

The Hill Country Galleria is ready to take the wraps off a $16 million renovation project that has dramatically transformed the 1.3 million-square-foot Bee Cave shopping center. The unveiling will be Saturday, when visitors will be treated to a day filled with festivities beginning at 2 p.m., including live music, a fashion show, samples of food from the Hill Country Galleria’s many bars and...
Travis County’s taxable home values climb 8% for 2017

Travis County’s taxable home values climb 8% for 2017

The average home value in Travis County rose nearly 8 percent for 2017, reflecting the continued strength in Central Texas’ housing market, the Travis Central Appraisal District said Tuesday. The 7.9 percent increase pushed the average taxable value to $307,997, up from $285,332 last year, Chief Appraiser Marya Crigler said in releasing the preliminary figures. The taxable value is the market...
Travis home values jump 8 percent for 2017

Travis home values jump 8 percent for 2017

Home values in Travis County rose nearly 8 percent on average for 2017, reflecting continued strength in Central Texas’ housing market, the Travis Central Appraisal District said Tuesday. The 7.9 percent increase pushed the average taxable value to $307,997, up from $285,332 last year, Travis County Chief Appraiser Marya Crigler said. The taxable value is the market value of homes, minus exemptions...
High-rise planned for Hooters site near downtown Austin

High-rise planned for Hooters site near downtown Austin

A developer plans to build a mixed-use tower on a triangular tract just south of downtown Austin — 1.4 acres that once was owned by the family trust of the late Charles Schulz, creator of the “Peanuts” comic strip. Richard Suttle Jr., an Austin attorney for the developer, Stream Realty Partners, is asking the city of Austin for a zoning change to build the project. Plans call...
Mobile home residents face relocation amid affordable housing shortage

Mobile home residents face relocation amid affordable housing shortage

For the past 11 years, the Thrasher Lane Mobile Home Park off of East Riverside Drive has been home for Blanca Torres and her family of four. They moved in shortly after the birth of her youngest child, when Torres and her husband, Luis Lerma, decided to leave apartment life and purchase a mobile home to accommodate their growing family. But when Torres, 38, received a notice in February informing...
Austin Oaks development clears hurdle but its future remains uncertain

Austin Oaks development clears hurdle but its future remains uncertain

The planned redevelopment of a Northwest Austin business park appeared to be living on borrowed time early Friday, falling short of the nine-vote supermajority support it would need for final City Council approval. Still, the council voted 7-4 to move the project forward after more than four hours of public testimony and contentious, sometimes rancorous debate on the dais that resulted in major changes...
678-home subdivision to bring traffic signal to Hamilton Pool Road

678-home subdivision to bring traffic signal to Hamilton Pool Road

A 678-home development will begin construction in June, and it is expected to bring a new traffic signal and possibly an elementary school to the winding, narrow thoroughfare of Hamilton Pool Road. The first phase of Provence — a development planned on the 910-acre Hatchett Tract with two entrances on Hamilton Pool Road — received approval from the Travis County Commissioners Court this...
Could old medical building become new affordable housing complex?

Could old medical building become new affordable housing complex?

On the northeastern edge of downtown sits an empty four-story building that could help meet Austin’s growing demand for affordable housing. The city recently bought the HealthSouth building at Red River and 12th streets, a facility that previously housed a physical rehabilitation center. Now some City Council members want to investigate the possibility of converting the nearly 88,000-square-foot...
Downtown Austin hotel moving forward — without Trump affiliation

Downtown Austin hotel moving forward — without Trump affiliation

A developer is releasing new details about a hotel planned for downtown Austin that last fall was linked to the development team of then-presidential candidate Donald Trump. This week, however, Empyrean Development said Trump is not involved in the Austin project, which developers are calling Hotel Mirabeau. “We are focused on moving forward with the current team that has been assembled. Neither...
Austin-area home sales weaken in February as market cools

Austin-area home sales weaken in February as market cools

Central Texas homes sales retreated in February, with sales increasing less than 1 percent year-over-year, the latest figures show. The median price for the metro area, however, climbed 6.5 percent, to $287,000, the Austin Board of Realtors said in its monthly report Thursday. Within Austin’s city limits, sales rose 6.4 percent over February 2016, the board’s figures show. The median sales...
NEW NOW: Austin-area home sales flat in February as market cools

NEW NOW: Austin-area home sales flat in February as market cools

Central Texas homes sales pulled back in February, with sales increasing less than 1 percent year-over-year, the latest figures show. The median price for the metro area, however, climbed 6.5 percent, to $287,000, the Austin Board of Realtors said in its monthly report Thursday. Within Austin’s city limits, sales rose 6.4 percent over February 2016, the board’s figures show. The median...
Austin’s battle over short-term rentals moves to the Legislature

Austin’s battle over short-term rentals moves to the Legislature

Austin’s battle over regulation of short-term rental properties rages on — now in the Legislature, which is considering a measure to overturn Austin rental rules. The proposed bill, from state Sen. Kelly Hancock, R-North Richland Hills, would bar local jurisdictions from prohibiting short-term rentals and allow jurisdictions to regulate them only for health and safety purposes. The proposal...
A decade in, The Domain has made its mark on Austin

A decade in, The Domain has made its mark on Austin

Austin’s rapid transformation isn’t limited to just downtown. Over the past decade, local developer Endeavor Real Estate Group has worked to transform about 300 acres of land once owned and occupied by IBM into The Domain – a bustling mix of shops, restaurants, offices, hotels and apartments off MoPac Boulevard (Loop 1) in North Austin that real estate firms nationwide have tried...
St. David’s South Austin Medical Center plans $58 million expansion

St. David’s South Austin Medical Center plans $58 million expansion

St. David’s South Austin Medical Center said it plans to start construction this year on a $58 million expansion that will mean added facilities, increased services and new jobs. The project will include expanding the hospital’s emergency department, adding patient rooms and beds and creating additional parking at the medical center, 901 West Ben White Boulevard. Construction is expected...
Former UT star Vince Young partnering in real estate firm

Former UT star Vince Young partnering in real estate firm

Vince Young, an NFL veteran and former University of Texas football star, has opened a residential real estate brokerage focused on Central Texas. Young is starting Vince Young Realty Partners along with Chad Mize, a real estate agent and co-founder of local startup Network Systems Resale, and Rick Orr, a real estate agent and founder of RealSavvy, a home-search platform, and TabbedOut, a mobile application...

School for children with dyslexia to relocate

Austin’s Rawson Saunders School is buying property in Southwest Austin that it plans to use as its future campus site, school leaders say. The 33.7-acre site, which Rawson Saunders School is purchasing from St. Andrew’s Episcopal School, is near School Road and Patton Ranch Road, not far from St. Andrew’s Episcopal School’s Upper School campus. Rawson Saunders School is currently...
Plaza Saltillo, Austin Oaks bring affordable housing fight to council

Plaza Saltillo, Austin Oaks bring affordable housing fight to council

Two projects that have drawn strong neighborhood opposition face pivotal votes at Thursday’s City Council meeting, which could bring some finality to the years-long fights over the size and scope of these mixed use developments. One, the redevelopment of the Austin Oaks office park in Northwest Austin, faces a proposed reshaping that could double the amount of affordable housing at the site...
Expert: 2017 off to strong start for Austin housing market

Expert: 2017 off to strong start for Austin housing market

Central Texas’ housing market is off to a strong start for 2017, an industry expert said Wednesday. Eldon Rude, an Austin-based housing market consultant, said 26 production homebuilders he tracks reported generally healthy sales for both January and February, “and that bodes well for the spring market.” “We’re in pretty good shape,” said Rude, addressing about...
Austin architectural firm sued in dispute over planned hotel

Austin architectural firm sued in dispute over planned hotel

The developers behind a proposed East Austin hotel are suing a local architectural firm, claiming they were given “defective and valueless” plans that have put the project a year behind schedule and well over budget. The lawsuit against Sixthriver Architects Inc. was filed this month in Travis County’s 419th District Court by 1109 East Sixth Street LLC, which had hoped to start construction...
Texas Mutual plans $50 million new HQ at Mueller development

Texas Mutual plans $50 million new HQ at Mueller development

Texas Mutual Insurance Co. is moving its headquarters to Mueller, bringing 650 workers to the bustling mixed-use development just north of downtown Austin. Construction on the firm’s four-story, 270,000-square-foot headquarters began this week. Filings with the Texas Department of Licensing and Regulation indicate the project will cost in excess of $50 million. When it opens in mid 2018, the...

Panel opts for less-dense zoning change for planned NW Austin project

A city of Austin panel recommended a zoning change that would scale back the number of homes a local developer could build on 42 acres in Northwest Austin. MileStone Community Builders had requested zoning changes for two tracts in the River Place area — one 40 acres for a proposed autism center and another 42 acres for a subdivision with 82 homes. MileStone previously said that proceeds from...
Entertainment center, pet hotel, 3 eateries coming to Oak Hill Plaza

Entertainment center, pet hotel, 3 eateries coming to Oak Hill Plaza

Tenants are lining up to lease space in a newly renovated shopping center in the Oak Hill area. BBD Commercial gave Oak Hill Plaza, at 7101 W. Texas 71, a substantial makeover that included a new façade, fresh paint, a copper mansard roof, improved signage and landscaping and a repaved, restriped parking lot. That investment appears to be paying off, with five new businesses set to move in...
Panel OKs less-dense zoning change for planned NW Austin project

Panel OKs less-dense zoning change for planned NW Austin project

A city of Austin panel recommended a zoning change that would scale back the number of houses allowed in a proposed development in Northwest Austin. MileStone Community Builders had requested zoning changes for two tracts in the River Place area — one 40 acres for a proposed autism center and another 42 acres for a subdivision with 82 homes. MileStone previously said that proceeds from its purchase...
Lakeway shopping center sells for $114 million

Lakeway shopping center sells for $114 million

Austin-based developer Stratus Properties Inc. said Tuesday it has completed the sale of its Oaks at Lakeway shopping center for $114 million. The buyer of the H-E-B-anchored center is FHF I Oaks at Lakeway LLC – an affiliate of the same company, Massachusetts-based TA Realty LLC, that pulled out of a deal to buy the 236,739-square-foot center for the same price in November. Stratus, at the...
Residential subdivision, autism center planned for River Place

Residential subdivision, autism center planned for River Place

Editor’s Note: This story has been updated with comments from the Autism Society of Texas. An unusual project is in the works for the River Place area in Northwest Austin, a proposed development that would involve an 82-home subdivision on 42 undeveloped acres and a center for autistic adults on a neighboring 40-acre tract. The Autism Center Austin would be managed by Jonathan and Polly Tommey...
This $3.3 million Austin home has a theater that looks like an airplane cabin

This $3.3 million Austin home has a theater that looks like an airplane cabin

Love movies? Love travel? Have several million dollars to spend on a new home? You’re in luck. This 4,809-square-foot home for sale in West Austin features a home theater and entertainment room that will make you feel like you’re 40,000 feet above the earth. The house on Scout Island Circle, listed for nearly $3.3 million, has four bedrooms and five bathrooms. But it’s the media...
After neighbor complaints, East Austin’s Sekrit Theater is for sale for $3.5 million

After neighbor complaints, East Austin’s Sekrit Theater is for sale for $3.5 million

After complaints from neighbors, an East Austin man is putting his secret theater — or “Sekrit Theater” — up for sale. Beau Reichert, who has owned the property on Perry Road for about a decade, announced the sale on Facebook last month. Reichert originally moved to build an art studio (his doctor said it would help him make friends—Reichert has Asperger&rsquo...

Triangle finally comes together

Nearly 10 years after a local developer announced plans for a major shopping center at the intersection of North Lamar Boulevard and Guadalupe Street, the first businesses are finally moving into The Triangle. Among the first expected to open early next year is Mandola's Italian Market, a restaurant and imported food and wine store that is the latest venture of Damian Mandola. He's the nationally...
Take a video tour of Tyler Perry's $25 million estate

Take a video tour of Tyler Perry's $25 million estate

Tyler Perry’s estate was listed for sale for $25 million last year and just sold for $17.5 million.  The new owner is an "out-of-state buyer who got a good value," The Atlanta Journal-Constitution reported. "(It's) quite a deal for that volume of land in the most prestigious ZIP code in Atlanta. The land alone sold for $9 million back in 2005 when Tyler bought it,"...
Trump’s former $95 million mansion to be torn down

Trump’s former $95 million mansion to be torn down

An oceanfront mansion Donald Trump sold to a Russian billionaire for $95 million in 2008 is going to be torn down. The demolition of the estate, which was the largest single residential sale ever in Palm Beach, Florida, was approved this week. Long before he became the 2016 Republican presidential front-runner, Trump purchased the mansion in 2004 at a foreclosure auction for $41.4 million. He then...
9 cities where it's getting cheaper to rent

9 cities where it's getting cheaper to rent

It will come as a surprise to no one that rent prices in most of the country’s largest markets are expected to rise in 2016, according to a forecast from real estate data company Zillow. But there’s some good news in that forecast, even for people who live in some of the most expensive cities in the country: Rents won’t increase as much as they have been, Zillow predicts. >...
88-year-old nearly loses her home after mortgage company thinks she’s dead

88-year-old nearly loses her home after mortgage company thinks she’s dead

An 88-year-old woman almost lost her home because her mortgage company mistakenly thought she was dead, WKRN-TV reported. Minnie Fish took out a reverse mortgage years ago as a way to pay her taxes and bills, so when the company thought she was dead, it cut off access to the loan and prevented Fish from making payments. When she got the loan, the agreement said the company could...
Dr. Oz just bought this $18 million mansion

Dr. Oz just bought this $18 million mansion

Television personality and heart surgeon Dr. Oz and his wife are evidently behind the purchase of Louwana, a landmarked house built in 1919 that changed hands last week via an $18 million deed, according to records filed with the Palm Beach County Clerk’s Office. A three-year $5 million mortgage on the beachfront house bears the signatures of Mehmet C. Oz, better known simply as Dr. Oz, and...
Travis County puts civil courthouse bond election on ballot

Travis County puts civil courthouse bond election on ballot

After 15 years of plans, proposals and procrastination, Travis County’s vision for a new 14-story civil courthouse in downtown Austin will go before the voters in November. The county commissioners on Tuesday voted 5-0 to place a $287 million bond election on the November ballot for the courthouse, which would be built on the block south of Republic Square at Fourth and Guadalupe streets. It...
Free Tesla with every unit purchased at new condo

Free Tesla with every unit purchased at new condo

It’s not unusual for some high-end developments to throw in a few freebies to sweeten the pot, but one West Palm Beach, Florida project is taking it to a whole new level. The Z Palm Beach condominium is offering a complimentary Tesla Model S with each unit. The luxe electric car costs about $71,070, according to the Tesla website. The unique development will have just eight units...
Lavish 40-chandelier mansion hits market

Lavish 40-chandelier mansion hits market

A Palm Beach Gardens mansion with old world Italian details has been listed for sale at $30 million, a price tag that makes it the most expensive listing in the city and one that rivals even posh Palm Beach. The 16,000-square-foot home, dubbed Palazzo Grande, has six bedrooms, six full bathrooms and two half bathrooms, a 75-guest ballroom and 40 chandeliers, including 30 Czechoslovakian crystal...
“Ready for a face lift, or can be torn down”, never-lived in mansion on market

“Ready for a face lift, or can be torn down”, never-lived in mansion on market

An oceanfront mansion in Highland Beach is back on the market today with a $12.5 million price tag after a years-long foreclosure case, January auction and purchase this month by an LLC with a mind for flipping. Casa Bella Riente at 3621 South Ocean Boulevard was the subject of a foreclosure that began in 2008, with a final judgment rendered in favor of the bank in September 2013 for $17.8 million...

Q2 Holdings files for Austin’s first IPO of 2014

Austin could soon have its first IPO of the year: Q2 Holdings has filed to raise up to $138 million in an initial public offering of stock. Founded in 2004, the company provides electronic banking services to more than 300 banks and credit unions. Q2 said the number of shares to be sold and the price range for the proposed offering have not yet been determined. J.P. Morgan Securities and Stifel Nicolaus...

Silicon Laboratories reports second quarter earnings

Austin-based chip maker Silicon Laboratories Inc. reported that revenue in the second quarter increased from a year ago but fell from the previous quarter. The company reported revenue of $141.5 million, up 4.3 percent from a year ago, but down 2.6 percent from the first quarter. The company reported a profit of $12.6 million compared with $20.5 million a year ago. Silicon Labs makes a wide range...
Sponsored: Blackhawk offers something for everyone in your family

Sponsored: Blackhawk offers something for everyone in your family

The family-friendly Blackhawk community in Pflugerville plays host to a variety of new homes with amenities that cater to the whole family. The Grisby, at 2,382 square feet, features a great room and beautiful views of the backyard from the kitchen and the family room. A second living area separates two bedrooms. This home also has an oversized patio perfect for outdoor entertaining. You’ll...
Sponsored: Central Texas homes to open their doors for Tour of Homes

Sponsored: Central Texas homes to open their doors for Tour of Homes

Some of Central Texas’ most beautiful homes are preparing to open their doors this month in the annual three-day Tour of Homes, which will give you a chance to be a part of the ultimate open house. From May 17-19, the Home Builders Association of Greater Austin will host a tour of more than 60 homes throughout eight key area communities. The self-guided tour gives potential homebuyers a chance...
Home design projects increasingly taking pets into consideration

Home design projects increasingly taking pets into consideration

After moving into their Great Hills home eight years ago, Beth and Mark Wright decided it was time for a remodel. As they started the process, they focused on making the space better for everyone in their family – especially their 3-year-old golden retriever, Jazzy. “We always knew we needed a place for our sweet little girl,” Beth Wright said. “We don’t have any children...

Early peek puts family in dream home after months of searching

By Mauri Elbel Special to Statesman Solutions One week ago, the Carroll family moved into their new home nestled in Highland Hills, letting out a big sigh of relief after an exhausting six months of house hunting. When they decided to move back to Austin last year, finding a home in the current real estate market proved to be much more difficult than they anticipated. If it weren’t for finding...

Sponsored: Falcon Pointe redefines the meaning of ‘community’

The word is out about Newland Communities’ Falcon Pointe. Almost 50 homes have already been sold in the Pflugerville community this year, and there are more than 25 others under construction that will be ready for move-in before the next school year gets under way. And the schools that serve the community are right there, with a Pflugerville district tricampus on site. Why the buzz? Falcon Pointe...

Sponsored: Low maintenance, highest quality at The Grove at Falconhead

When life’s seasons change, there’s no reason to give up the lifestyle you desire. And the same goes for your home. At The Grove at Falconhead, homeowners will find quality-built, luxury homes with low-maintenance living and amenities galore. The community is perfect for everyone from busy young professionals, active families, retirees and those looking to downsize without sacrificing...

Sponsored: Location and value in Ryland Homes’ Whispering Hollow

When homebuyers were clamoring for quality and value in a premium location, the people at Ryland Homes heard them, loud and clear. They answered the call with Whispering Hollow in Buda. In Whispering Hollow, buyers can choose from 17 floor plans in two expanding sections. Homes range from about 1,600 square feet to almost 4,000 square feet and are priced from the low $200,000s. Add the serenity and...

Sponsored: Leisure activities, breathtaking homes abound at Rough Hollow

For a brief time, the purchase of a Scott Felder home in Rough Hollow will include a one-year golf membership to the Lakeway Country Club, one-year sport membership to World of Tennis or one-year membership to Freedom Boat Club. This is also your opportunity to get in early on the newest section of the community, the West Rim. Take advantage of pre-opening pricing for one of the 31 breathtaking 1/4-...

Sponsored: Build exactly what you want at the exclusive Canyons at Lake Travis

If you’re looking for a cozy haven where you can build the home of your dreams and enjoy amazing views, The Canyons at Lake Travis will meet your every need. This gated community in western Travis County offers a tight-knit feel for residents who also enjoy room to sprawl out on acre-plus lots that feature Hill Country and lake views. Partners in Building, the exclusive builder for the community...
Want some design help but short on time or money? Try e-design

Want some design help but short on time or money? Try e-design

Somewhere between “misty morning” and “misted fern,” the shades began to blur. My husband and I were in the midst of redecorating our guest room, and we were trying to select the perfect shade of green for the walls. As I plopped down on the carpet to flip through the paint chips for the umpteenth time, I silently wished I knew an interior decorator who could weigh in on the...

Finding your home sweet home in Austin

Austin is one of those cities that has it all. One of the greatest challenges about living here is finding that perfect spot that speaks to you — and as we discovered, sometimes that search proves to be a full-circle journey. When we moved back to Texas after years living and working abroad, we knew we wanted to live in Austin. And after a decade of renting, we were ready to buy. I had a brand-new...
Sponsored: Anything your heart desires in elegant Beltorre

Sponsored: Anything your heart desires in elegant Beltorre

Luxury is always on the wish list for a new home. Add amenities and a lot of options to that list as well. Then check them all off in Clear Rock Homes’ Beltorre. Beltorre, in Georgetown, is a prime place to put down roots. Lots are 1+ acres and sell for $63,000 to $99,000. Beautiful floorplans, ranging in size from 2,500 square feet to more than 4,000 square feet, start in the $350,000s. With...
Sponsored: Easy living, close in at NorthEdge

Sponsored: Easy living, close in at NorthEdge

On the north edge of Austin, close to just about everything, sits a community calling you home. Wes Peoples’ NorthEdge condo community is made up of 28 units starting in the $180,000s that all showcase green and contemporary design. The units are built in two or three levels for easy living. There’s no yard to mow or exterior projects for a weekend to-do list: The homeowners association...
Sponsored: Lakeside living with luxury at Waterstone

Sponsored: Lakeside living with luxury at Waterstone

Life on the lake means beautiful views, easy water access and relaxation. It also means a visit to Waterstone on Lake Travis. This condo development was designed by renowned architect Larry Speck to showcase the view, with large windows throughout each of the 71 units peering out onto the lake and the Hill Country. The luxurious modern interiors boast 10-foot ceilings, farmhouse-style sinks and Jenn-Air...
Sponsored: Build the foundation for your dream home with Jimmy Jacobs seminar

Sponsored: Build the foundation for your dream home with Jimmy Jacobs seminar

Jimmy Jacobs Custom Homes is sharing their design and building expertise with the public on Sunday, March 17. The free, informational Build-On-Your-Lot seminar will take place at their model home in Crystal Falls, located in Leander. These seminars are open to anyone either in the process of, or interested in, building a custom home in the future. From noon to 2 p.m., the seminar will focus on all...
Ideas for welcoming a new neighbor

Ideas for welcoming a new neighbor

We’ve all been there. A new couple moves in across the street. You want to introduce yourself, but you’re not sure how. Rather than waiting for an awkward run-in at the end of the cul-de-sac, why not take over a small, thoughtful gift to welcome them to the neighborhood? “I like cultivating good relationships with my neighbors,” said Nina Gordon, owner of Take Heart, a boutique...
Sponsored: Perfect homes for a picture-perfect Texas lifestyle

Sponsored: Perfect homes for a picture-perfect Texas lifestyle

Love your home, love your community and love Mother Nature with a Taylor Morrison home in Crystal Falls. This gated Leander community just opened a second phase for new homeowners, with floorplans ranging in size from 2,651 square feet to 4,200 square feet and everything in between. Prices start at $300,000, and buyers get a lot for their investment. All homes feature large social areas, spacious...
Making your home your own

Making your home your own

It’s midnight, and my feet are covered in confetti. No, I haven’t been re-enacting New Year’s Eve or working the night shift at Party City. Confetti is the deceivingly cheerful name of lavender paint my daughters hand-selected for their bedroom when we moved into our new house two months ago. Painting their bedroom is the second project I’ve tackled since we moved in. The first...
More sellers are getting their homes' asking price

More sellers are getting their homes' asking price

Good housing-market news keeps rolling in. The latest says that the gap between the seller’sasking price and the eventual sales price is narrowing, and that homes are selling faster. While this is obviously good news for sellers, buyers should welcome it too. If homes are selling faster and prices are firmer, the buyer faces less risk of losing money on a home purchase. ZipRealty...
Sweetwater offers location, upgrades and more for young family

Sweetwater offers location, upgrades and more for young family

When Matt and Kara Chavez were searching for a home last year, they were thinking long term. They considered their future neighborhood’s amenities. They wanted to make sure their girls would be in a good school district. And they were looking for a sense of community with other young families. “I grew up in Lakeway, so I always liked the area,” Matt Chavez said. “We were trying...
Free home tour to highlight new homes in Belterra

Free home tour to highlight new homes in Belterra

What: Model home tour featuring David Weekley Homes, Highland Homes, Sitterle Homes, Treaty Oak Homes and Wilshire Homes ranging from 1,800 to 4,600 square feet and priced from the mid-$200,000s to more than $500,000 When:1 to 4 p.m. Feb. 23-24 Where: Get maps and information at the Belterra Welcome Center, 151 Trinity Hills Drive, or start at any of the six model homes in the master-planned community...

For this family, yellow brick road led to Circle C

About a year ago, my then 3-year-old daughter became fascinated by the “Wizard of Oz.” Clad in a Dorothy-inspired dress and a pair of miniature ruby red slippers and accompanied by her trusty sidekick Tin Man (her baby sister, dressed in a bargain bin silver costume), she’d saunter through our Houston home quoting the movie. I soon knew every word by heart and found myself having...

C3 Presents buys Emo’s East music club

Emo’s East owner Frank Hendrix has sold the music club to Austin events company C3 Presents, C3 co-owner Charles Attal confirmed Monday. The sale, which includes the transfer of a 10-year lease but does not include the building, comes after over two months of negotiations between Hendrix and C3. “Frank contacted us a few months ago, and it was a natural progression for us, we already do...
Rents of $20,000 per night? Welcome to F1 week in Austin

Rents of $20,000 per night? Welcome to F1 week in Austin

Want a place to stay for the big Formula One race in November? How about paying $69,000 for a one-week stay on a 40-acre Austin estate, complete with a helicopter landing site? Then there's the luxury hacienda-style home of Clayton Christopher (co-founder and CEO of Deep Eddy Vodka, co-founder of Sweet Leaf Tea). His Lake Austin-area estate is available to rent for F1 week — for $25,000. Or...
Daughters of the Republic of Texas' big vision: A new museum, headquarters in East Austin

Daughters of the Republic of Texas' big vision: A new museum, headquarters in East Austin

More change is coming to East Austin. This time, it won't be a fancy new apartment or condo project reshaping the landscape, but rather a transformation meant to highlight, preserve and embrace Texas' Republic-era history. It's all part of the vision of the Daughters of the Republic of Texas to renovate four decades-old houses next to the French Legation Museum on San Marcos Street. The idea is to...

After dry spell, area's real estate development pipeline is flowing again

After several years with a virtually dry construction well, Central Texas' real estate development pump is being primed again. The pipeline of planned projects is replenishing, and construction cranes — the "state bird," as developers jokingly call it — are multiplying in the region. While the local apartment market has been sizzling for nearly two years, other sectors are now...
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